This is marketing pure and simple. Oh, we only gained 14.4%, how subpar of us. Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy

That's the fun part. He doesn't need much at all, because his $31k (at the time of purchase) home in Omaha is paid for (now valued at $700k BTW). Buffett, by all accounts, is pretty frugal, and he intends on giving the bulk of his estate to charity when he dies. IIRC, his Berkshire salary is about $175k a year.

You can go to the annual meeting even if you are a class B shareholder. Think about it logically, they wouldn't need to hold the meeting at the CenturyLink Center, an 18,975-seat arena, if only the class A people ($152,750 a share) could go.

keytronic:This is marketing pure and simple. Oh, we only gained 14.4%, how subpar of us. Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy

Yet every S&P index fund out there did even better, for a fraction of the effort.

keytronic:This is marketing pure and simple. Oh, we only gained 14.4%, how subpar of us. Translation, that's right biatches, we did better in a poor year than your sorry ass 401 k's greatest masturbatory fantasy

Buffett is a big proponent of simple index funds for most folks, especially because of their low fees. If somebody could have beaten his return just by taking the a dirt cheap S&P500 index fund and sitting on it all year, then why should they invest with him? So, in that context, it was subpar because he did worse than average.

And yeah, a LOT of people's "sorry ass 401ks" did well last year. Sorry if yours didn't -- maybe you should get an index fund and sit on it for 40 years instead of whatever you're doing now.

rogue49:Uh, instead of wasting your money trying to buy prime BH stock.Why don't you just buy what they buy?Or even better, just use the same method? (It's all in his book...)

Oh, that's right, you like wasting money on prestige.And you're too impatient to wait for the returns the way he does it.

Because you don't get the juicy deals that Buffet gets. Good luck trying to get Goldman to issue you prefs for 10%. For Heinz, you have to buy it before he buys it, which doesn't help. If you can find a broker that will allow you to sell 5+ year ATM index puts without posting collateral, let me know. It doesn't have to be a binary thing, you can buy BRK.B AND follow his approach.